Popular article Bitcoin volume by country

Google apps. Main menu. Trading in bitcoin in Vietnam is still unrestricted and unregulated by law, and two largest bitcoin markets in Vietnam - VBTC and Bitcoin Vietnam are working without being restricted. In August 2017, Vietnam's prime minister has approved a plan that could see the country formally recognize bitcoin as a form of payment by the end of 2018.

The country riddled with hyperinflation and economic crisis is heavily investing in Bitcoin as the Bitcoin trading volume in the country reaches heights. Additionally, Bank of England has denied it access to gold that can further drive the citizens of Venezuela to go for Bitcoin. . Said bitcoin's value could reach $100000 if it maintains its current market share. bitcoin market share china 3 bitcoin to euro The country saw an over four-fold increase in trading volume of bitcoin . .

Prior to the start of its decline in mid-2013, Mt. Gox had what amounted to an effective monopoly on bitcoin trading volume, often commanding upwards of 80-90% of total US dollar-denominated volume. . UK-based TotalCrypto has created this cool and concise infographic to explain Bitcoin trading volume by country. TotalCrypto says: “72% of all Bitcoin trading happened in the top five countries: USA, Russia, UK, Venezuela, and China.

And the fact that some of the largest volume pulling Bitcoin exchanges in the world are from South Korea speaks in itself about the country’s friendliness towards Bitcoin. Conclusion: Countries Friendly Towards Bitcoin. These were some of the top Bitcoin-friendly nations of the world. . Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network.